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U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

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WASHINGTON (Reuters) – U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. FILE PHOTO: A worker cycles past containers outside a logistics center near Tianjin Port, in northern China, May 16, Read More

UK puts mini-bond regulation under spotlight after LCF collapse

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LONDON (Reuters) – Britain’s finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the collapse of investment firm London Capital & Finance (LCF). LCF went into administration in January with losses of up to 237 million Read More

JetBlue sues Walmart for trademark infringement over Jetblack service

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NEW YORK (Reuters) – JetBlue Airways Corp has sued Walmart Inc for trademark infringement, in an effort to stop the world’s largest retailer from using the name Jetblack for its text-based personal shopping service. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo Read More

China says U.S., China should make compromises in trade talks

21 hours ago DieselGasoil Comments Off on China says U.S., China should make compromises in trade talks
BEIJING (Reuters) – China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends a news conference during the Read More

Extra tariffs on Chinese imports will cost Americans $18 billion-a-year, retail group warns

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The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would make Americans pay another $18 billion-a-year for various products, from footwear to furniture. The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would Read More

Germany’s Metro says $6.6 billion bid undervalues company

2 days ago DieselGasoil Comments Off on Germany’s Metro says $6.6 billion bid undervalues company
FRANKFURT (Reuters) – Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. FILE PHOTO: German retailer Metro AG sign is seen on the steps of their headquarters in Duesseldorf, Germany Read More

India’s space startups ignite investor interest

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MUMBAI (Reuters) – From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space race. Bellatrix Aerospace CEO Rohan Ganapathy stands next to a vacuum chamber at their laboratory Read More

Huawei says European smart phones sales up ‘in past few days’

3 days ago DieselGasoil Comments Off on Huawei says European smart phones sales up ‘in past few days’
ZURICH (Reuters) – Huawei smartphone sales in Western Europe have risen “in the past few days” as customers grow more confident the Chinese company will weather U.S. sanctions imposed last month, an executive for the Chinese firm said on Friday. An employee displays a Huawei 5G Smartphone Mate 20X smartphone at a Sunrise telecommunications shop Read More

European central bankers claim oversight over Facebook’s cryptocurrency

3 days ago DieselGasoil Comments Off on European central bankers claim oversight over Facebook’s cryptocurrency
FRANKFURT (Reuters) – Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money. Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration Read More